Pakistan, Jan. 28 -- Bella Hadid and her longtime boyfriend, rodeo star Adan Banuelos, have reportedly ended their relationship after two years together. According to Page Six, many sources have claimed that the supermodel and the champion equestrian have split following what insiders describe as an on-again, off-again romance. One source characterised the relationship as "tumultuous," adding that the breakup has been complicated by shared business interests.

Hadid and Banuelos are said to have invested in several high-value horses together, a factor that has reportedly made the separation more complex than a typical celebrity split. Speculation about trouble in the relationship first surfaced in June, though the pair appeared to briefly...